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Pre-market Indexes Are Higher, Led by the Nasdaq 350
Amazon's Strong Q3 Report Thursday Brings Shares Up 13%
Oil Supermajors ExxonMobil and Chevron Report Mixed Q3 Results
Friday, October 31, 2025
It’s the last day of the month, and we’re through the first third of calendar Q4. It’s also Halloween, and we’re seeing pre-market participants filling their bags with goodies on the last trading day of the week. The Dow is up +55 points at this hour, the S&P 500 is +50, the tech-heavy Nasdaq is up big — +350 points! — and the small-cap Russell 2000 is actually down at this hour by -1 point.
Strong earnings reports yesterday afternoon from Mag 7 bellwethers Apple (AAPL - Free Report) and Amazon (AMZN - Free Report) have helped advance the Nasdaq beyond the other indexes at this hour. Apple shares are up +2% so far this morning, while Amazon — considered a nowhere trade for years — has blasted off +13% in today’s pre-market. Its AWS cloud services segment grew a very strong +20% year over year.
This morning was also supposed to bring us September numbers for Personal Consumption Expenditures (PCE), the Fed’s preferred gauge of inflation. The federal government shutdown, as you likely know by now, is keeping this report from being released. When we last saw PCE data, +2.7% was the year-over-year headline, +2.91% on core. This core number had increased four straight months from +2.62% in April, but still below the +2.97% we had seen in February of this year.
Q3 Earnings Reports Ahead of the Open: XOM, CVX & More
ExxonMobil (XOM - Free Report) is out with Q3 earnings figures this morning, ultimately painting a mixed picture with earnings of $1.88 per share outpacing the $1.81 in the Zacks consensus by +3.87%. Revenues of $85.29 billion missed estimates by -1.7%. Shares are down -1% in today’s early trading, subtracting from the mild +6.6% gains year to date. For more on XOM’s earnings, click here.
Oil supermajor competitor Chevron (CVX - Free Report) also posted mixed results in its Q3 report ahead of today’s opening bell. Earnings of $1.85 per share surpassed the Zacks consensus of $1.66 by an impressive +11.45%, but revenues of $49.73 billion were -7.2% short of estimates. Yet shares are up +1.5% on the news, adding to the company’s +6% gains in 2025 thus far. For more on CVX’s earnings, click here.
Zacks Rank #1 (Strong Buy)-rated T. Rowe Price (TROW - Free Report) also had a noteworthy earnings beat this morning, at $2.81 per share versus expectations for +2.55 (a beat of greater than +10%). Revenues of $1.89 billion amounted to a +2.34% beat, and the stock is up +1% on the news. Year to date, shares are still negative as of now. For more on TROW’s earnings, click here.
Image: Bigstock
Pre-market Traders Fill Their Bags on Halloween
Key Takeaways
Friday, October 31, 2025
It’s the last day of the month, and we’re through the first third of calendar Q4. It’s also Halloween, and we’re seeing pre-market participants filling their bags with goodies on the last trading day of the week. The Dow is up +55 points at this hour, the S&P 500 is +50, the tech-heavy Nasdaq is up big — +350 points! — and the small-cap Russell 2000 is actually down at this hour by -1 point.
Strong earnings reports yesterday afternoon from Mag 7 bellwethers Apple (AAPL - Free Report) and Amazon (AMZN - Free Report) have helped advance the Nasdaq beyond the other indexes at this hour. Apple shares are up +2% so far this morning, while Amazon — considered a nowhere trade for years — has blasted off +13% in today’s pre-market. Its AWS cloud services segment grew a very strong +20% year over year.
This morning was also supposed to bring us September numbers for Personal Consumption Expenditures (PCE), the Fed’s preferred gauge of inflation. The federal government shutdown, as you likely know by now, is keeping this report from being released. When we last saw PCE data, +2.7% was the year-over-year headline, +2.91% on core. This core number had increased four straight months from +2.62% in April, but still below the +2.97% we had seen in February of this year.
Q3 Earnings Reports Ahead of the Open: XOM, CVX & More
ExxonMobil (XOM - Free Report) is out with Q3 earnings figures this morning, ultimately painting a mixed picture with earnings of $1.88 per share outpacing the $1.81 in the Zacks consensus by +3.87%. Revenues of $85.29 billion missed estimates by -1.7%. Shares are down -1% in today’s early trading, subtracting from the mild +6.6% gains year to date. For more on XOM’s earnings, click here.
Oil supermajor competitor Chevron (CVX - Free Report) also posted mixed results in its Q3 report ahead of today’s opening bell. Earnings of $1.85 per share surpassed the Zacks consensus of $1.66 by an impressive +11.45%, but revenues of $49.73 billion were -7.2% short of estimates. Yet shares are up +1.5% on the news, adding to the company’s +6% gains in 2025 thus far. For more on CVX’s earnings, click here.
Zacks Rank #1 (Strong Buy)-rated T. Rowe Price (TROW - Free Report) also had a noteworthy earnings beat this morning, at $2.81 per share versus expectations for +2.55 (a beat of greater than +10%). Revenues of $1.89 billion amounted to a +2.34% beat, and the stock is up +1% on the news. Year to date, shares are still negative as of now. For more on TROW’s earnings, click here.
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